Market Highlights
The global Cardiac surgery Instruments market has been evaluated as moderately growing market and it is expected that the market will continue to grow similarly in the near future. Cardiac surgery instruments plays important role in medical procedures. Cardiac surgery instruments are mainly divided into two types, general surgical tools and surgical instruments that specially designed for particular type of cardiac surgery.
Cardiac surgery instruments are used during the heart surgery or related medical procedures. There are about 5000 heart transplant occurs each year worldwide. Increasing cases of heart failure, heart attack and other heart related diseases are leading the growth for the market of cardiac surgery instruments. Heart disease is one of the leading cause of deaths worldwide. Changing lifestyle, eating habits and stress is leading to various heart diseases and ultimately leading to cardiac surgery. Direct and indirect cost related to heart diseases is about US$ 320 billion which not only includes spending on health but also includes productivity. cardiac medical device development manufacturers are developing new instruments and tools along with traditional instruments to provide more usable product in the market. Availability of skilled cardiac surgeons, advanced healthcare facilities and developing infrastructure are key market drivers in most of the North American and European countries however lack of skilled medical professionals, slow adoptability of new instruments, availability of instruments, high cost of surgery are prohibiting the growth for the market.
The global Cardiac surgery instruments market share was around US$ 1.1 billion in 2015 and is expected to reach US$ 1.75 billion by 2023 at the CAGR of 6.9% during the forecast period.
Segmentation:
Cardiac surgery Instruments market has been segmented on the basis of type which comprises Forceps, Graspers, Clamps, Scissors, Retractors, Spreaders, Graspers, and others. On the basis of application, the market is segmented into Coronary artery bypass grafting (CABG), Valve repair or replacement, aneurysm repair, Heart transplant, and others. On the basis of type of material market is segmented into Stainless Steel, Tungsten Carbide, and Others. On the basis of end user market segmented into Hospitals and Ambulatory surgery centers.
Regional Analysis:
Depending on geographic region, Cardiac surgery instruments market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America is believed to be the largest market for Cardiac surgery Instruments. Moreover the European market is also growing and second largest market for Cardiac surgery Instruments. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Cardiac surgery Instruments during the forecasted period. Rest of the World is likely to have a limited but steady growth in the market.
Cardiac Surgery Instruments Market Players
- Johnson & Johnson Services
- (US)
- DEALMED MEDICAL SUPPLIES LLC (US)
- Stryker (US)
- Braun Melsungen AG (Germany)
- STILLE (Sweden)
- MedServ International (Germany)
- Delacroix-Chevalier (France)
- SIM Surgical (US)
- Gebrüder Martin GmbH & Co. KG (Germany)
- Surtex Instruments Limited (UK)
among others are some key companies in the global Cardiac Surgery Instruments that are listed by MRFR for market research.
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